The Effect of 9/11 on the US Economy Analytical Essay by Nicky

The Effect of 9/11 on the US Economy
Looks at the possibilities of short and long term economic repercussions from the 9/11 Al-Qaeda attacks upon the US especially the New York City.
# 148490 | 2,240 words | 8 sources | APA | 2011 | US
Published on Oct 26, 2011 in Economics (National) , Hot Topics (Terror and 9/11) , Political Science (Terrorism)


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Description:

This paper relates that, beyond the immediate tragic loss of lives from the of 9/11, these terrorist attacks did affect the US economic in numerous negative and major ways although there have been some benefits such as in the sector of manufacturing of military products. Next, the author looks at the short term economic problems in New York City of significant job losses and loss of office space causing a migration towards New Jersey. The paper reports that nationally the economic effects are in the areas of productivity, oil, trade with partner countries, flows of capital, sectors and industries especially the airlines and insurance, agriculture and food, small businesses and above all else the cost of the War on Terrorism with money being taken from domestic budgets.

Table of Contents:
Introduction
Economic Effects of 9/11
Economic Effects upon the New York City
Nationwide Effects upon the U.S. Economy
Economic Effects of the War on Terrorism
Conclusions

From the Paper:

"Then, another direct result of the WOT upon the American economy could materialize in an increase in the demand for military products and services. As it has been previously mentioned, the focus of the United States authorities could be switched from production to national security, meaning that more resources are allocated to the military and that demand for these types of products continues to grow. On the long run, this will translate into increased revenues for the military products manufacturers and service deliverers. Additionally, the stock prices of these organizations' shares could increase ."

Sample of Sources Used:

  • Dolfman, M.L., Wasser, S.F., June 2004, 9/11 and the New York City Economy: A Borough-to-Borough Analysis, Monthly Labor Review
  • Makinen, G., 2002, Report for Congress: The Economic Effects of 9/11: A Retrospective Assessment, Federation of American Scientists, Retrieved from www.fas.org/irp/crs/RL31617.pdf on April 22, 2009
  • North, G., April 1, 2006, War on Terrorism's Economic Effects, Economic Edge, http://econedge.org/01/war-on-terrorisms-economic-effects/ last accessed on April 23, 2009
  • O'Rourke, M., Spring 2005, The Impact of the "War on Terrorism" on Internal Conflicts, The Ploughshares Monitor, http://www.ploughshares.ca/libraries/monitor/monm05d.htm last accessed on April 23, 2009
  • Shah, A., 2007, War on Terror, Global Issues, http://www.globalissues.org/issue/245/war-on-terror last accessed on April 23, 2009

Cite this Analytical Essay:

APA Format

The Effect of 9/11 on the US Economy (2011, October 26) Retrieved September 18, 2020, from https://www.academon.com/analytical-essay/the-effect-of-9-11-on-the-us-economy-148490/

MLA Format

"The Effect of 9/11 on the US Economy" 26 October 2011. Web. 18 September. 2020. <https://www.academon.com/analytical-essay/the-effect-of-9-11-on-the-us-economy-148490/>

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